Answer the following statements true (T) or false (F)
1. Unit cost per service is calculated by dividing total costs by the total number of services provided.
2. Knowing the unit cost per item helps managers set appropriate selling prices.
3. If a merchandising company determines that the unit cost to purchase a product is less than the unit
cost to manufacture the product, the company should make a decision to begin manufacturing the
product
4. The primary activity of manufacturing companies is to purchase goods from a wholesaler and resell
them.
1. TRUE
2. TRUE
3. FALSE
4. FALSE
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